Bayswater to acquire major interest in Hauber uranium project, Wyoming

Bayswater Uranium Corporation reports that it has entered into a venture agreement with NFUR HAUBER, LLC, a subsidiary of Ur-Energy Inc.  whereby the Company can earn a 75% interest in URE’s Hauber Uranium Project located in Crook County, Wyoming.

The Hauber Project is located within five miles of portions of Bayswater’s Elkhorn Project and represents a significant addition to Elkhorn’s resource base. In addition, the Project is located very close to the former Hauber Mine, previously operated by Homestake Mining Company. Homestake produced 2.6 million pounds of U3O8 averaging 0.22% U3O8 from the underground Hauber mine during the period 1958-1966, and explored adjacent areas of the northern Black Hills into the mid-1980s.

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